Nervos Ecological Fund launches the "BTCKB" plan to promote CKB to become the first BTC L2 based on "PoW + UTXO"

Nervos Ecological Fund announced the launch of the "BTCKB" plan to connect BTC and CKB, helping CKB become the first Bitcoin Layer 2 that is completely isomorphic to BTC (based on "PoW+UTXO"), and empowering various BTC Layer 1 assets with more powerful smart contract capabilities. As part of the plan, Nervos Ecological Fund announced the incubation of blockchain software company CELL Studio, which was founded by Nervos co-founder Cipher Wang. Like Consensys to Ethereum, CELL's mission is to promote the development and prosperity of the Nervos ecosystem.

CELL has launched the next-generation mobile Web3 Passkey wallet JoyID, and will gradually launch a two-way anchor bridge and UTXO-based DEX to connect BTC and CKB. It plans to develop the CKB second-layer lightning network to connect to the BTC lightning network, so that BTC first-layer assets can be censorship-resistant, permissionless, and trustless. In addition, based on the atomicity and smart contract capabilities of the CKB enhanced UTXO model, CELL will promote CKB to integrate and empower Layer 1 protocols such as Taproot Assets and RGB.

In the future, CELL will work closely with the Nervos Ecological Fund to explore the first BTC Layer 3 complete solution based on the CKB Axon chain framework and the UTXO-based Spore NFT protocol, Intent-based applications, and DeFi protocols, and jointly promote various application scenarios based on the lightning network, such as social applications derived from the Nostr protocol, micropayment scenarios, and various life scenarios for cross-border payments.

Byte Yuan CKB